Calastone: UK equity fund outflows slow in July
Equities see a net £2.19bn in inflows
Macro News
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What has caused the global equity market sell-off?
Equity markets are down following US recession fears
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‘Has the Fed made a mistake?’: Weak US jobs data sparks recession concerns
S&P 500 fell 1.84% on Friday following the report, while Japan’s Nikkei 225 dropped over 12% on Monday
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Weekly Outlook: Legal & General and Derwent London Results
Key events for wealth managers for the week beginning 5 August
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‘A tentative start’: Bank of England cuts interest rates to 5%
MPC voted 5-4 in favour of a 25bps cut
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July fund performance: Small caps rebound in marathon month of politics
While tech was the worst-performing IA sector over the month, according to FE fundInfo data
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IA: UK investment management industry reaches £9.1trn in AUM for 2023
Allocation to UK equities falls 10% in 10 years
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Federal Reserve holds rates in July decision
Industry anticipates September rate cut to come
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‘If we cannot afford it, we cannot do it’: Chancellor Reeves hints at tax rises as she sets Budget date
Chancellor placed the blame for a £20bn ‘black hole’ in public finances on the Conservative Party
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Biden bows out: Industry speculates on Kamala Harris candidacy and market reactions
Biden withdraws from presidential race, endorsing Vice President Kamala Harris in his wake
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Weekly Outlook: Tesla and NatWest results
Key events for wealth managers for the week beginning 22 July
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The European Central Bank holds rates: Will we still see two more cuts this year?
Markets were assigning a 92% probability of the ECB holding rates prior to today’s meeting